Gazprom Neft

Vadim Yakovlev, the First Deputy General Director of “Gazprom Neft” and Lance Marklinger, President of Global Sales for Weatherford International plc, signed a technology cooperation agreement at the St. Petersburg International Economic Forum. The agreement is valid for five years and is intended to further develop current business relationships and …

Vadim Yakovlev, First Deputy CEO, Gazprom Neft, and John Gass, Vice President, Nabors Drilling International Ltd, have signed a Memorandum of Understanding at this year’s St Petersburg International Economic Forum. The document confirms both companies’ mutual interest in investigating long-term collaboration on projects in the oil and gas industry in the Russian Federation. The agreement involves, in particular, Nabors …

Gazprom Neft and Siemens AG have signed a Strategic Partnership Agreement at this year’s St Petersburg International Economic Forum, with the document being signed by Gazprom Neft CEO and Chairman of the Management Board Alexander Dyukov and Siemens AG President Joe Kaeser. The parties intend to cooperate in energy, production, transportation, refining , and developing the Russian continental shelf. They will also …

Gazprom Neft (the “Company”) today publishes its consolidated IFRS financial statements for Q1 2017.  Net income of RUB 62 bn, a year-on-year increase of 49.1%, driven by strong organic growth and management efficiency initiatives.  Adjusted EBITDA* increased by 22% year-on-year to RUB 118 bn.  Hydrocarbon production, inclusive …

The first ever multi-lateral “fishbone” well involving multiple horizontal branches has been drilled and commissioned at the Prirazlomnaya offshore rig — the only project on the Russian Arctic shelf at which commercial oil production is currently ongoing. The trajectory chosen for the wells allows significantly greater coverage of oil-bearing sections of the strata. The new well represents …

Gazprom Neft publishes its consolidated financial statements prepared in accordance with International Financial Reporting Standards (IFRS) for Q4 and FY 2016. Highlights: Net Profit of RUB 200 bn for FY 2016, an increase of 82.5% Y-o-Y Adjusted EBITDA for FY 2016 increased 12.7% Y-o-Y, to RUB 456 bn Production for FY 2016 …

As part of its ongoing “Technology Strategy”, Gazprom Neft has established a programme directed at developing technologies to exploit oil reserves located below a gas cap.* Implementation of the projects within this programme will, in the long term, allow some 215 million tonnes of oil reserves to be brought into development. Total recoverable oil and gas condensate reserves at Gazprom Neft’s gas cap …

The development of new oil reservoirs is a priority for a company that claims leadership within their industry. Gazprom Neft develops new reservoirs on a project format basis. The company portfolio includes eight new projects. Each of these projects has a unique geographic, geological or climatic features. According to the …

Prirazlomnoye Field Development Project: Transportation and Logistics Offshore production is an extremely challenging and resource-intensive process. It’s not just the construction of the complex process platform, from which the drilling is performed and where people involved in the field’s development live and work. It is the establishment of the continuous …

Gazprom Neft subsidiary Gazpromneft Orenburg has discovered a new field — the Novosamarskoye — in the Sorochinsky district of the Orenburg Oblast. Initial oil-in-place reserves are estimated at more than eight million tonnes. This is the first discovery at the area under investigation, which company specialists believe contains a series …